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MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $9.05B
1-Year Est. Return 13.04%
This Fund
S&P 500
This Quarter Est. Return
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.9B
AUM Growth
-$155M
Cap. Flow
-$238M
Cap. Flow %
-12.51%
Top 10 Hldgs %
8.43%
Holding
1,705
New
24
Increased
288
Reduced
1,098
Closed
22

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$3.72M
2
BKNG icon
Booking.com
BKNG
+$3.14M
3
GL icon
Globe Life
GL
+$2.41M
4
ECL icon
Ecolab
ECL
+$2.14M
5
AME icon
Ametek
AME
+$1.92M

Top Sells

Rank Stock Value
1
ABMD
Abiomed Inc
ABMD
+$4.33M
2
MSCI icon
MSCI
MSCI
+$4.04M
3
BR icon
Broadridge
BR
+$3.74M
4
DINO icon
HF Sinclair
DINO
+$3.36M
5
RTX icon
RTX Corp
RTX
+$3.11M

Sector Composition

Rank Sector Weight
1 Financials 15.06%
2 Technology 13.61%
3 Industrials 12.59%
4 Healthcare 10.77%
5 Consumer Discretionary 10.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LM
801
DELISTED
Legg Mason, Inc.
LM
$696K 0.04%
20,030
-6,300
-24% -$239K
CDP icon
802
COPT Defense Properties
CDP
$4.23B
$694K 0.04%
23,940
-7,530
-24% -$206K
KLAC icon
803
KLA
KLAC
$274B
$694K 0.04%
67,700
-24,600
-27% -$267K
THS
804
DELISTED
Treehouse Foods
THS
$693K 0.04%
13,200
-4,100
-24% -$186K
DY icon
805
Dycom Industries
DY
$12.3B
$691K 0.04%
7,310
-2,380
-25% -$244K
AMED
806
DELISTED
Amedisys
AMED
$690K 0.04%
8,070
-3,330
-29% -$245K
IRBT
807
DELISTED
iRobot
IRBT
$689K 0.04%
9,100
-3,130
-26% -$208K
TTMI icon
808
TTM Technologies
TTMI
$14.6B
$689K 0.04%
39,060
-12,400
-24% -$207K
INWK
809
DELISTED
InnerWorkings, Inc.
INWK
$689K 0.04%
79,280
– –
APH icon
810
Amphenol
APH
$204B
$688K 0.04%
31,560
– –
DAN icon
811
Dana Inc
DAN
$3.26B
$688K 0.04%
34,090
-11,030
-24% -$262K
KMT icon
812
Kennametal
KMT
$2.32B
$687K 0.04%
19,130
-6,210
-25% -$239K
PRSP
813
DELISTED
Perspecta Inc. Common Stock
PRSP
$687K 0.04%
+33,430
New +$749K
MINI
814
DELISTED
Mobile Mini Inc
MINI
$684K 0.04%
14,580
-5,710
-28% -$258K
QEP
815
DELISTED
QEP RESOURCES, INC.
QEP
$683K 0.04%
55,710
-17,030
-23% -$202K
OSPN icon
816
OneSpan
OSPN
$624M
$682K 0.04%
34,710
-2,790
-7% -$50.3K
CVLG icon
817
Covenant Logistics
CVLG
$880M
$681K 0.04%
43,260
– –
UVV icon
818
Universal Corp
UVV
$1.12B
$681K 0.04%
10,310
-2,590
-20% -$143K
FULT icon
819
Fulton Financial
FULT
$4.69B
$680K 0.04%
41,190
-13,270
-24% -$230K
AAL icon
820
American Airlines Group
AAL
$9.97B
$679K 0.04%
17,900
+6,700
+60% +$295K
CVSA
821
Covista Inc
CVSA
$4.49B
$679K 0.04%
14,110
-4,670
-25% -$223K
DFS
822
DELISTED
Discover Financial Services
DFS
$677K 0.04%
9,620
– –
EQT icon
823
EQT Corp
EQT
$33.8B
$677K 0.04%
22,558
+2,902
+15% +$81K
EE
824
DELISTED
El Paso Electric Company
EE
$677K 0.04%
11,460
-4,780
-29% -$260K
LUMN icon
825
Lumen
LUMN
$6.6B
$675K 0.04%
36,223
-1,010
-3% -$18.3K
31 32
33
34 35

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
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PVI
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Municipal Employees' Retirement System of Michigan's Q2 2018 Portfolio in Review

As of Q2 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $1.9B, down 7.5% from $2.06B the previous quarter. Its ten largest holdings account for 8.4% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $238M in Q2 2018, closing 22 positions and reducing 1,098 holdings. Its most notable exit was Orbital ATK, Inc., an estimated $2.38M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Wyndham Hotels & Resorts worth $1.69M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2018 buy was Wyndham Hotels & Resorts: 28,770 shares worth $1.69M.
  • Municipal Employees' Retirement System of Michigan added most to Netflix in Q2 2018, an estimated $3.72M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2018 reduction was Abiomed Inc, cutting an estimated $4.33M.
  • Municipal Employees' Retirement System of Michigan fully exited Orbital ATK, Inc. in Q2 2018, selling an estimated $2.38M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 8.4% of its $1.9B portfolio in Q2 2018.
  • Municipal Employees' Retirement System of Michigan opened 24 new positions and closed 22 in Q2 2018.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 7.5% quarter-over-quarter to $1.9B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2018, filed 19 Jul 2018.